Artem Gold-Ore Company has officially put the new gold producing machine into operation. The machinery allows producing 287 kg of gold per year. The project created 120 jobs. Artem Company invested 400 million rubles to resume the work on the project: it bought all the necessary equipment, finished construction of the buildings and purchased materials…
Gold output in Russia has been growing for 7 years in a row. In 2016 it increased by 1.2% YoY, to 297.4 tons. This year it is planned to mine 304-405 tons. Several regions provided for the growth of the output: Krasnoyarsk Krai increased gold production by 5%, to 52 tons, Magadan region – by…
Olcha gold-silver deposits have supplied the first batch of ore to processing works. All the roads were constructed last year. “This is a very ambitious project. And the implementation of new projects in precious metals mining confirms the fact that Magadan region is firmly moving forward, increasing gold and silver output from year to year”,…
In 2016 gold output in Sverdlov region dropped by 15% YoY, to 6710 kg. The region also produced 348 kg of platinum, up by 20%, and 37664 kg of silver, down by 21%. The major gold-miner of the region – Zoloto Severnogo Urala, a part of Polymetal, – mined 476 kg of gold, demonstrating a…
The Kazakhstan state gold-mining works Tau-Ken Altyn, a part of the National mining company Tau-Ken Samruk, plans to sell the National bank 15 tons of gold this year. “Last year Tau-Ken Altyn sold 12 tons of gold to the National bank. This year our plan is 15 tons”, Tau-Ken Samruk chairman Mazhit Turmagambetov said. Thus…
Gold production in Russia in 2017 will grow by 2-2.5%, to 304-305 tons, according to the Union of gold-miners of Russia. The union expects the average price to hit $1.27 thousand per 1 gold ounce. “Under the expected cross-rate of the ruble to the dollar at 57-65 rubles per dollar, we believe the ruble price…
In January Russia increase gold ingot output by 5.7% YoY. According to Rosstat, the January results exceed the December 2016 by 42.5%. (Ukrainian metal)
Two drum granulators OB-2.8×10 will be operating on the open site of Aldanzoloto (Yakutia) under –20 degrees C. For the machinery to operate in severe climate conditions Uralmashzavod has used new engineering techniques, in particular cold-resistant steel will be used. “Uralmashzavod has a vast experience of producing drum granulators to process iron ore materials. Machinery…